factual

What balance sheet dates are included in Buona's audited financial statements?

Buona Franchise · 2025 FDD

Answer from 2025 FDD Document

Attached to this Franchise Disclosure Document as Exhibit D is our audited financial statements which include the balance sheet as of December 29, 2024 and December 31, 2023 and the related statements of operations, changes in members' equity, and cash flows for the years ending December 29, 2024 and December 31, 2023; and the balance sheet as of December 31, 2023 and January 1, 2023 and the related statements of operations, changes in members' equity, and cash flows for the years ending December 31, 2023 and January 1, 2023.

Our fiscal year ends on the Sunday nearest to December 31 each year.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 78)

What This Means (2025 FDD)

According to Buona's 2025 Franchise Disclosure Document, the audited financial statements include balance sheets as of December 29, 2024, December 31, 2023 and January 1, 2023. These dates reflect the company's financial position at those specific points in time. The related statements of operations, changes in members' equity, and cash flows are also included for the fiscal years ending on those dates. Buona's fiscal year ends on the Sunday nearest to December 31 each year.

For a prospective franchisee, this information is crucial for assessing the financial stability and performance of Buona. Reviewing these balance sheets allows potential franchisees to understand the company's assets, liabilities, and equity over the past three fiscal years. This historical data provides insights into the financial trends and overall health of the company, which can inform their decision-making process.

It is important to note that the financial statements are audited, meaning they have been reviewed by an independent accounting firm to ensure accuracy and compliance with generally accepted accounting principles (GAAP). This adds a level of credibility to the financial information presented. Franchisees should carefully examine these statements and consult with a financial advisor to fully understand the implications for their investment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.